Rep. Ives Responds to Bill To Extend CPS Pension Payment Deadline
Wednesday, June 24, 2015
This week in Springfield, the House of Representatives debated a bill sponsored by two Chicago Democrats which would extend by six weeks the deadline by which the City of Chicago would have to make a mandatory $634 million pension payment for Chicago teachers. Chicago Mayor Rahm Emanuel had stated recently that the City does not have the money to make the mandatory payment and that a deadline extension was needed. The legislation, SB437, failed in a 53-46-2 vote.
After the vote State Representative Jeanne Ives spoke about the need for the City of Chicago to address its financial crisis. You can listen to her comments here.